Beltone Holding, recognized as one of Egypt’s fastest-growing financial institutions, has announced a major leasing and factoring agreement through its subsidiary, Beltone Leasing and Factoring, in partnership with Madkour Group. The total value of this agreement is EGP 400 million.
The deal features a sales and leaseback arrangement for Madkour Group’s administrative assets at the “Zizinia” project in New Cairo, appraised at EGP 300 million. Additionally, EGP 100 million is earmarked for factoring services, aimed at bolstering the group’s working capital and supporting the expansion of its projects nationwide. This collaboration underscores Beltone’s commitment to providing vital financial and advisory support to facilitate corporate growth.
Amir Ghannam, CEO of Beltone Leasing and Factoring, commented, “This agreement highlights our strategic focus on offering customized financial solutions that empower companies across various sectors to achieve their growth objectives. By promoting sustainable economic development and creating job opportunities, we further solidify our leadership in the leasing and factoring market.”
Dr. Mostafa Madkour, Chairman and CEO of Madkour Group, shared his enthusiasm for the partnership, stating, “We are proud to collaborate with Beltone Leasing and Factoring. This agreement is a significant step forward for Madkour Group, enhancing our financial capabilities and enabling us to explore new growth opportunities across various markets.”
Beltone Leasing and Factoring has quickly established itself as a frontrunner in Egypt’s financial leasing and factoring sector, boasting a strong market share and a proven record of successful partnerships with leading companies in various industries, including healthcare, education, real estate, manufacturing, construction, transport, and logistics. With a paid-up capital of EGP 1 billion, it holds the title of the largest financial leasing company in Egypt.
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